New Concept Energy, Inc. (NYSE:GBR), (the "Company" or "NCE") a Dallas-based company, today reported Results of Operations for the second quarter ended June 30, 2026.

The Company reported a net loss from continuing operations of ($66,000) for three months ended June 30, 2026, as compared to a net loss of ($18,000) for the similar period in 2025.

For the three months ended June 30, 2026 the Company had revenue of $41,000 including $26,000 for rental income and $15,000 in management fees. For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees.

For the three months ended June 30, 2026, corporate general & administrative expenses were $129,000 as compared to $85,000 for the comparable period in 2025.

For the three months ended June 30, 2026, interest income was $35,000 as compared to $42,000 for the comparable period in 2025.

New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company’s website at www.newconceptenergy.com.

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)

	June 30, 2026		December 31, 2025
	(Unaudited)		(Audited)
Assets

Current assets
Cash and cash equivalents	$	304	$	383
Other current assets		65		13
Total current assets		369		396

Property and equipment, net of depreciation
Land, buildings and equipment		616		622

Note and interest receivable - related party
Note receivable		3,542		3,542
Interest receivable		-		-
		3,542		3,542

Total assets	$	4,527	$	4,560

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(amounts in thousands, except share and par value amount)

	June 30, 2026			December 31, 2025
	(Unaudited)			(Audited)
Liabilities and stockholders' equity

Current liabilities
Accounts payable (including $8 due to related parties in 2026 and 2025)	$	47		$	26
Accrued expenses		69			43
Total current liabilities		116			69


Stockholders' equity
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and		1			1
outstanding at June 30, 2026 and December 31, 2025
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 5,131,934 shares
at June 30, 2026 and December 31, 2025		51			51
Additional paid-in capital		63,579			63,579
Accumulated deficit		(59,220	)		(59,140	)

Total stockholders' equity		4,411			4,491

Total liabilities and stockholders' equity	$	4,527		$	4,560

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(amounts in thousands, except per share amounts)

	For the Three Months ended June 30,						For the Six Months ended June 30,

		2026			2025			2026			2025
Revenue
Rent	$	26		$	26		$	52		$	52
Management fee		15			14			28			26
Total revenues		41			40			80			78


Operating expenses
Operating expenses		13			15			26			27
Corporate general and administrative		129			85			206			174
Total operating expenses		142			100			232			201

Loss from operations		(101	)		(60	)		(152	)		(123	)

Other income
Interest income ($35 and $42 for the three months ended June 30, 2026 and 2025, respectively, and $72 and $85 for the six months ended June 30, 2026 and 2025, respectively)		35			42			72			85
Total other income		35			42			72			85

Net income (loss) applicable to common shares	$	(66	)	$	(18	)	$	(80	)	$	(38	)

Net income (loss) per common share-basic and diluted	$	(0.01	)	$	(0.00	)	$	(0.02	)	$	(0.00	)

Weighted average common and equivalent shares outstanding - basic and diluted		5,132			5,132			5,132			5,132

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New Concept Energy, Inc.

Investor Relations

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com